Swiss Re Group
Management summary
In SST 2019, the solvency of Swiss Re Group remains at a very strong level of 251% and comfortably above the target of 220%. In a challenging year with large losses Swiss Re was able to generate a positive underwriting contribution. This is also reflected in a relative increase of insurance risk in the overall risk profile. Capital repatriation, the redemption of a subordinated instrument and depressed financial markets resulting in negative contribution from investments ultimately lead to a decrease in the overall SST ratio.
Solvency overview
Figure 1
This Report provides qualitative and quantitative information about the financial condition of the Group. This Report includes financial and risk management information already published in the Group’s 2018 Financial Report available under www.swissre.com/investors/financial_information/.
Business activities
In this section, we provide information about the Group’s business model, the strategy and significant events. Read more
Performance
We present the performance of the year under review based on the US GAAP financial statements. Read more
Governance and risk management
This section provides an overview of the system of governance, key governing bodies, risk management systems and policies. Read more
Risk profile
The main components of the total risk calculated under SST are discussed in this section. Read more
Valuation
In this section, we provide the SST balance sheet and additional quantitative and qualitative explanations on differences to the US GAAP audited financial statements of the Group. Read more
Capital management
The Group’s capital management strategy and key changes in 2018 are discussed in this section. Read more
Solvency
This section presents the SST calculation for the Group and includes explanations on changes relative to the prior year. Read more